The following data were taken from the financial statements of The Mann Corporation. 2012 2013 Net sales $1,600,000 $2,620,000 Net income 103,000 223,000 Total assets 558,659 894,309 Shareholders' equity 333,030 401,622 Required Calculate the following ratios for 2012 and 2013: 2012 2013 a. Return on equity (round to one decimal place) Answer % Answer % b. Return on assets (round to one decimal place) Answer % Answer % c. Return on sales (round to one decimal place) Answer % Answer % d. Total assets to shareholders' equity (financial leverage) (round to two decimal places) Answer Answer e. Asset turnover (round to two decimal places) Answer Answer

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs